Malaysian Authorities Destroy Millions of Dollars Worth of Bitcoin Mining Equipment

Malaysian Authorities Destroy Millions of Dollars Worth of Bitcoin Mining Equipment


Over a thousand Bitcoin mining machines have been steamrolled in Malaysia amid allegations that the owners used stolen electricity to power their rigs.

According to a report by local publication The Star, Malaysian authorities confiscated 1,069 Bitcoin mining rigs and used a steamroller to destroy the machines at a police station in the city of Miri.

 

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According to the report, eight people have been arrested in connection with the Bitcoin mining operation which is alleged to have siphoned electricity worth around $2 million from electric utility company Sarawak Energy.

Six of the arrested have been successfully charged and fined approximately $1,900, according to Miri’s Assistant Commissioner of Police, Hakemal Hawari.

A video of the steam roller flattening the mining rigs in Miri has garnered over 300,000 views in a span of three days. The video was posted by Malaysian publication Dayak Daily.

According to the report, the steamrolled mining rigs were collectively worth about $1.26 million.

Says Hawari,

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